"While some of our competitors are constantly changing criteria and lending terms we try to remain as consistent as we can with a few carefully considered improvements"
Fixed rates have been extended to five-years and are available at no extra cost to consumers.
The new rate reductions will take effect on new loan applications initiated on or after 30 May 2017.
Step One has also appointed Terry Young as BDM for the South of England. In addition, Joe Kite and Sylwia Fert have also joined the company in the Underwriting Department and Loan Administration Department, respectively.
Martin Porter, Head of Lending, said: “While some of our competitors are constantly changing criteria and lending terms we try to remain as consistent as we can with a few carefully considered improvements, which means our introducers really know what we’ll do and what we’re good at.
“We think with interest rates at an all-time historic low, taking a longer or lower fixed rate offers a compelling choice to customers.
“Joe and Sylvia are further new additions to our team as the business continues to grow with its new initiatives. We expect more recruits in the near future as a part of our strategic growth and company expansion.”
